Consumer protection after the mortgage has been finalized

Consumer protection after the mortgage has been finalized

Postby Uberi on Fri 21 Nov 2008 22:41

Good afternoon,

Is there still a protection after the money has been lent?
Uberi
 
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Re: Consumer protection after the mortgage has been finalized

Postby Gillia on Fri 21 Nov 2008 22:42

Yes!

In the event of a legal dispute over the property acquisition, it is possible to have the mortgage payments suspended until resolution of the matter.
Gillia
 
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Re: Consumer protection after the mortgage has been finalized

Postby Woo on Fri 21 Nov 2008 22:43

Often, lenders will impose a prepayment penalty if a consumer wants to pay off their loan early, however, this penalty can not be applied if the prepayment is the result of a retirement, death, or job change.
Woo
 
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